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5G Enterprise Market Predicted to Achieve USD 304,496.3 Million Value by 2032 with 59.20% Growth Rate

04-10-2024 01:42 PM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

5G Enterprise Market

5G Enterprise Market

With the rising need for improved connectivity due to the proliferation of connected devices and the Internet of Things (IoT), businesses are looking for faster and more reliable networks to support their operations. The global 5G enterprise market was valued at USD 2241.4 million in 2023. The market is projected to grow to USD 304,496.3 million by 2032, exhibiting a CAGR of 59.20% over the forecast period of 2024 to 2032.

Enterprise 5G refers to a dedicated wireless connectivity option for enterprises, small businesses, and government entities. 5G technology is known for offering high data throughput and less latency as compared to the fourth generation of cellular networks.

๐†๐ž๐ญ ๐š๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/5g-enterprise-market/request-for-sample

Enterprise 5G is designed to meet the specific needs of an organization. That way, organizations can benefit from the several advantages of the 5G technology, including ultra-low latency, enhanced transmission speed, increased network capacity, and improved support for low-powered devices. Unlike the commercial 5G services, the enterprise has complete control over the 5G network. This means that the enterprise owns the mobile care, radio devices, management software, and infrastructure. Enterprise 5G finds applications across several verticals, including BFSI, media and entertainment, manufacturing, IT and telecom, and agriculture.

๐Š๐ž๐ฒ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐š๐ซ๐ญ๐ข๐œ๐ข๐ฉ๐š๐ง๐ญ๐ฌ

The 5G enterprise market is characterized by intense competition. Industry participants are aggressively expanding their infrastructure and services to cater to the rising market demand. Some of the top players operating in the market are:

โ€ข Affirmed Networks
โ€ข Airspan Networks
โ€ข American Tower
โ€ข AT&T Inc.
โ€ข China Mobile
โ€ข Ciena Corporation
โ€ข Cisco Systems Inc.
โ€ข Comba Telecom Systems
โ€ข CommScope
โ€ข EE Limited (BT Group)
โ€ข Ericsson
โ€ข Extreme Networks
โ€ข Fujitsu
โ€ข Hewlett Packard Enterprise
โ€ข Huawei Technologies Co.
โ€ข Juniper Networks
โ€ข Korea Telecom
โ€ข Mavenir
โ€ข NEC
โ€ข Nokia
โ€ข Qualcomm Technologies Inc.
โ€ข Samsung
โ€ข SK Telecom Co. Ltd.
โ€ข T-Mobile
โ€ข Verizon Communications
โ€ข VMware, Inc.
โ€ข ZTE Corporation

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/480/2

๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ:

Smart Manufacturing: 5G enables the implementation of smart manufacturing processes by providing high-speed, low-latency connectivity for robotics, automation, and IoT devices. Enterprises can improve operational efficiency, optimize production processes, and enable predictive maintenance using 5G-enabled technologies.

Telecommunications: Telecommunications companies can leverage 5G to offer a wide range of enterprise services, including private networks, managed connectivity solutions, and IoT platforms. These services cater to the unique needs of businesses across various industries, such as healthcare, transportation, and retail.

Public Safety and Emergency Services: 5G networks support mission-critical communication services for public safety agencies and emergency responders. Enterprises can deploy private 5G networks to ensure reliable communication during emergencies, natural disasters, and other crises.

๐Ÿ“๐† ๐„๐ง๐ญ๐ž๐ซ๐ฉ๐ซ๐ข๐ฌ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข Radio node segment accounted for the largest market share in 2022. Due to its a cost savings, hardware flexibility, enhanced cloud technologies, and seamless cross-domain innovation.
โ€ข Large enterprises segment held a significant revenue share, due to market expansion is driven by organizations investing in 5G networks and the increasing demand for high-speed internet connectivity.
โ€ข Manufacturing segment holds the majority of revenue shares of the market and is expected to grow fastest during the forecast period. Notable manufacturers like Gabler adopt AR/VR technology for training, repair, and maintenance, enabled by 5G networks for seamless high-bandwidth AR/VR experiences.
โ€ข North America is anticipated to grow significantly over the forecast period. Due to increasing demand for advanced technologies like machine-to-machine connectivity, artificial intelligence, and connected vehicles fuels regional enterprise market growth.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐“๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ก๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/5g-enterprise-market

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

โ€ข The market segmentation is primarily based on access equipment, core network technology, services, organization size, end-use, and region.
โ€ข By access equipment analysis, the radio node segment accounted for the largest market share owing to extensive deployment by major organizations.
โ€ข By organization size analysis, the large enterprise segment held a significant market revenue share owing to the rising need for high-speed connectivity.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Green Technology And Sustainability Market: https://www.polarismarketresearch.com/industry-analysis/green-technology-and-sustainability-market

Corporate Lending Platform Market: https://www.polarismarketresearch.com/industry-analysis/corporate-lending-platform-market

Machine-to-machine (M2M) Connections Market: https://www.polarismarketresearch.com/industry-analysis/machine-to-machine-m2m-connections-market

Speech Analytics Market: https://www.polarismarketresearch.com/industry-analysis/speech-analytics-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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